Jamaica: 2018 Article IV Consultation, Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report

April 16, 2018

Preview Citation

Format: Chicago

Jamaica: 2018 Article IV Consultation, Third Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This 2018 Article IV Consultation highlights that Jamaica’s GDP growth is estimated to have been a disappointing 0.5 percent in 2017. Weakness in agriculture, slow recovery in mining, and a deceleration in manufacturing offset growth in tourism and construction. The growth forecast is being revised down to 0.9 percent in FY17/18 and about 2.25 percent in the medium term. Inflation remains well-anchored. Higher food prices resulting from flooding have begun to unwind. The current account deficit remains relatively low (at 2.8 percent of GDP in FY17/18) and it is expected to shrink over the medium-term, as oil prices remain contained and tourism earnings improve.

Subject: Crime, Economic sectors, Expenditure, PFM legal and regulatory frameworks, Public debt, Public financial management (PFM), Public sector

Keywords: BOJ target band, Broad money, Caribbean, Central government, Core inflation, CR, Credit creation, Exchange rate, FX market, Inflation targeting, ISCR, PFM legal and regulatory frameworks, Private sector, Public sector, Wage bill

Publication Details

Pages:

126
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/103
Stock No:

1JAMEA2018001
ISBN:

9781484351048
ISSN:

1934-7685

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